Kansas City Federal Reserve Bank President Thomas Hoenig calls for Wall Street banks to be broken up A member of the US Federal Reserve has called for Wall Street's financial giants to be broken up to avoid another another crisis. By Andrew Trotman 11:07PM GMT 23 Feb 2011 “I am convinced that the existence of too-big-to-fail financial institutions poses the greatest risk to the US economy,” Kansas City Federal Reserve Bank President Thomas Hoenig said. “They must be broken up. We must make sure that large financial organizations are not in position to hold the US economy hostage. We must...